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Gold/Mining/Energy : KOB.TO - East Lost Hills & GSJB joint venture -- Ignore unavailable to you. Want to Upgrade?

To: The Osprey who wrote (5857)	10/18/1999 9:12:00 PM
From: Bearcatbob	Read Replies (2) \| Respond to of 15703

Osprey, Thoughts and Post from Stockhouse: While I await a flare as much or more as anyone, until test time it is my understanding that a flare will not occur if our skilled drillers maintain perfect control - a thing we hope for. GH and S&P - is that correct. As for nerves - yeah, we all are anxious. Take comfort in knowing that this operation is being well run by an quality operating organization whose primary goal is a quality end result - not a short term price spike. Bob PS: Interesting post from Stockhouse: East Lost Hills Forum Posted By Subject PostTime (EST) Post ID bunt (ID#: 67391) RE: Tight Information 10/18/99 6:46:09 PM 466177 << Previous Thread Next Thread >> there is group of analysts and big producing brokers heading down to calif tomorrow a.m.the tour was arranged by eland jennings. nesbitt burns,on friday,and td securities today both reinstated coverage on bkp with buys.nesbitt looking for 18;td target is 18.50. cash flow estimates are 2.25-2.35 for 2000,with no production included in these estimates for calif. that is all gravy.at 14 bkp is a steal.the analysts are more excited about bkp nwt properties than calif right now because they have already made 2 major discoveries there last year, one with chevron and another with paramount. testing at elh should start later this week.apparently,as well as flare permits,they had to buy pollution credits,bring high pressure completion equipment in from the u.k.,as well as other logistical things.dont forget,if the packer hadnt leaked the testing would be underway now. it leaked because of the extreme pressures,which is good! these deep wells take time.hibernia was discovered back in 1978 and started producing last year.these wells wont take that long,but keeping things in perspective and not being concerned with every turn of the drill bit and every nickel move in stock prices is essential to making money on this play. as for cal,they are probably so mudded up they dont even know if they are into it yet or not. they are at 14550 or so on way to 18000.they could get some good sands on the way down and also some wet ones on the way down to td. the safest way to invest in this play are bkp,pou and elk.elk is down because their issue settled last week and the riders have to pay for it.